Environmentalists across California have organized a series of colorful events Saturday to press for tough federal legislation and an international treaty to curb global warming. The participants are part of "an international day of action," with about 4,000 events in 170 countries at places including the Taj Mahal and the Eiffel Tower, according to 350.org, a group started by environmentalist Bill McKibben.
Read more »Survey: Obama Failing on US Economy
President Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.
Their assessment stands in stark contrast with Obama's popularity with the public, with a recent Wall Street Journal/NBC poll giving him a 60 percent approval rating. But a majority of the 49 economists polled is dissatisfied with the administration's economic policies.
Read more »Slump Humbling Blue-Chip Stocks, Once Dow’s Pride
The banking giant Citigroup commanded a stock price of $55 just two years ago. But at one point Thursday, as markets hurtled to their lowest close in 12 years, the shares were worth less than an item at the Dollar Store. After months of breathtaking declines, this is what Wall Street has come to: Blue-chip companies, once considered safe investments and cornerstones of the economy, are akin to penny stocks.
Read more »China pledges growth amid crisis
China's National People's Congress -- the marquee event of the nation's political calendar -- convened Thursday in Beijing, with Premier Wen Jiabao saying China's economy would be able to achieve an 8 percent growth. Wen delivered his Cabinet's work report to the parliament's 3,000 delegates, pledging economic growth amid a growing national deficit and the global financial crisis.
Read more »US Economy Shrank More Than Expected in Fourth Quarter
The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.
The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated by the government last month.
U.S. jobless claims hit 26-year high
The number of Americans filing initial claims for unemployment insurance spiked, and those living on unemployment benefits hit a record high, according to a government report released Thursday.
For the week ended Feb. 21, 667,000 Americans filed initial jobless claims, up 36,000 from a revised 631,000 the previous week. That's the highest figure since October 1982.
Economists polled by Briefing.com were expecting claims to drop to 625,000.
Read more »Bush: President's priority is preventing attack
WASHINGTON (CNN) -- The commander in chief's priority is preventing another terrorist attack in the United States, President Bush told CNN's "Larry King Live" Tuesday.
"The most important job I have had -- and the most important job the next president is going to have -- is to protect the American people from another attack," Bush said.
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